Germany and Italy are key exporters of shank type milling tools, with Germany leading despite a slight decline in 2023, while Italy showed notable growth at 49.28%. France and Spain experienced declines, while modest gains were seen in Hungary and Austria. Countries like Poland and Netherlands exhibited growth over 15%. Smaller exporters including Finland and Ireland recorded smaller increases, whereas Romania’s exports decreased by 22.53%.
Future trends to watch include potential growth in digitally-driven manufacturing and increased automation, which may boost demand in countries like Germany and Italy. Emerging markets in Eastern Europe and investments in advanced manufacturing could also reshape the export landscape. Keep an eye on trade policies and economic conditions impacting currency fluctuations and raw material availability.
Top countries in Export of Shank Type Milling Tools for Working Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 734,720 | 2023 | -4.03% | -1.84% | View data |
| 2 | 2 Italy | 659,680 | 2023 | +489% | +49.28% | View data |
| 3 | 3 France | 146,720 | 2023 | +29.44% | -2.35% | View data |
| 4 | 4 Spain | 100,910 | 2023 | +72.69% | -16.75% | View data |
| 5 | 5 Hungary | 79,620 | 2023 | +4.32% | +3.64% | View data |
| 6 | 6 Austria | 49,160 | 2023 | +1.13% | +13.67% | View data |
| 7 | 7 Poland | 36,870 | 2023 | +4.66% | +15.04% | View data |
| 8 | 8 Belgium | 36,820 | 2023 | +2.23% | -2.41% | View data |
| 9 | 9 United Kingdom | 36,790 | 2023 | +0.65% | +6.86% | View data |
| 10 | 10 Netherlands | 34,270 | 2023 | +11.7% | +15.6% | View data |
